ADEKA AS: årsregnskap 2004 vs 2003
Shrank 77% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADEKA AS. Revenue 315.4k NOK → 72.9k NOK (-76.9%). Net result +25.2k NOK → +1 427 NOK. Equity 102.0k NOK → 103.4k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEKA AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 102.0k NOK → 103.4k NOK (equity ratio 56.0% → 87.0%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 315.4k NOK to 72.9k NOK (-76.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +30.5k NOK → +1 259 NOK (op. margin 9.7% → 1.7%). Calculated
-
↓
Net result weakened
Net result +25.2k NOK → +1 427 NOK (net margin 8.0% → 2.0%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 266.3k NOK → 60.0k NOK (-77.5% YoY). Calculated